INACTIVE & DORMANT ACCOUNTS. 46.1 The Client acknowledges and confirms that account(s), held with the Company, without any trading activity for a period of twelve (12) months, are considered to be inactive accounts. 46.2 The Client further acknowledges and confirms that inactive accounts will not have access to trading and will be subjected to relevant charge/cost(s) due to the maintenance/administration of such inactive accounts. 46.3 The charges applied to the inactive accounts are based on the Company’s “Inactive/Dormant accounts policy” The Client further agrees that, in order to resume trading, additional conditions, set by the Company, should be met. The Client acknowledges and agrees that in cases where the balance/equity of inactive account(s) reaches zero, such account(s) shall be considered Dormant and shall be removed from the system(s) accordingly.
Appears in 2 contracts
Sources: Client Agreement, Client Agreement